Biochar Market Size, Share, Opportunities, COVID-19 Impact, And Trend By Production Technology (Pyrolysis, Gasification), By Feedstock (Crop Residue, Food And Forestry Waste, Animal Manure), By Application (Electricity Generation, Farming, Livestock, Others), And By Geography - Forecasts From 2021 To 2026

Published:  Dec 2021 Report Code: KSI061611665 Pages: 114

The biochar market was valued at US$1,043.189 million in 2019 and is expected to grow at a CAGR of 8.92% over the forecast period to reach a total market size of US$1,897.214 million by 2026. 

Agricultural waste, wood waste, forest wastes, and animal manure can be turned into biochar by heating them according to a set temperature. The main use for the product is as a soil amendment to eliminate pollutants. It prevents soil leaching, water loss, and fertilizer runoff. A growing awareness of environmental issues, a reduction in raw material prices, and government policies for waste management are expected to expand the market. In addition to the need for high-quality organic crops to be grown, other key drivers for market growth are continuous improvements in farming practices. More than 3.1 million farmers practice organic agriculture in 187 countries. Furthermore, 72.3 million hectares of agricultural land were developed through organic farming. More than 106 billion euros was spent on organic food and drinks in the EU in 2019. The total land area under organic farming continues to grow in the EU, covering almost 13.8 million hectares in 2019. Therefore, the growth of organic farming is ultimately booming the market for biochar (Source: europa.eu; fao.org).

biochar market

Biochar consumption in agricultural applications is largely driven by livestock farming. Various livestock farming activities, including poultry farming, cattle farming, and meat production, have increased their consumption since the product provides essential nutrients and maintains the health of livestock. In 2018, 2.8 million organic farmers produced organic food. India still boasts the most producers (1149,000), then Uganda (2109,000), and Ethiopia (204,000). (Source: fao.org). There will be a huge opportunity for organic farming in the coming years as government support grows, thus, growing the market for biochar.

biochar market

Growth Factors:

  • Growing demand for organic agriculture

Since Biochar can boost soil fertility and improve soil properties, it has gradually gained use in developing countries, so that crops can grow better with fewer emissions and greater strength. Because biochar balances acidic soil towards neutrality, agricultural crops and plants are able to benefit from reduced nutrient loss from the root zone and reduced fertilizer requirements.  In developing countries, biochar can significantly reduce greenhouse gas emissions like nitrous oxide and methane, for that reason, the government encourages farmers to use it. 

 In 2016, the US Department of Agriculture (USDA) - National Agricultural Statistics Service (NASS) reported that certified organic commodities were produced and sold on American farms in the amount of US$ 7.6 billion. Additionally, the Certified Organic Survey 2016 shows that organic farm sales in the U.S. increased by 23 percent in 2016. International Biochar Initiative (IBI) reports that China, in terms of chemical fertilizer production, consumption, and imports, is the largest country in the world. According to an article published at the China National Research and Development Center, biochar can improve soil cation exchange capacity (CEC), which means the soil requires fewer chemical fertilizers. Therefore, as organic farming grows, the market for biochar is growing at a rapid rate.

Restrain:

The major issues when applying biochar to the earth are soil erosion and contamination. These two factors can hinder the growth of the market. A high price of biochar and its feedstock restrains market growth, as do a lack of financial incentives and tax breaks, lack of demonstration projects, and contamination of biochar.

Covid-19 insights:

Throughout 2020, the unprecedented COVID-19 pandemic – and the impact it has had on everyday lives – will have dramatic consequences for the organic industry. Organic food is becoming the food of choice for consumers who are seeking healthy, clean foods for their families at home. Biochar has a steady growth market due to organic farming directly affecting the market, so as people become more concerned with the quality of organic foods during the COVID-19 pandemic, their concerns influence the market for biochar.

Biochar Market Scope:

Report Metric Details
 Market size value in 2019  US$1,043.189 million
 Market size value in 2026  US$1,897.214 million
 Growth Rate  CAGR of 8.92% from 2019 to 2026
 Base year  2019
 Forecast period  2021–2026
 Forecast Unit (Value)  USD Million
 Segments covered  Production Technology, Feedstock, Application, And Geography
 Regions covered  North America, South America, Europe, Middle East and Africa, Asia Pacific
 Companies covered  Airex Energie Inc., SynTech Bioenergy LLC, BioFire SIA LATVIA, Cool Planet,   Tolero Energy LLC, Vega Biofuels
 Customization scope  Free report customization with purchase

 

Segmentation

  • By Production Technology
    • Pyrolysis
    • Gasification
  • By Feedstock
    • Crop Residue
    • Food and Forestry Waste
    • Animal Manure
  • By Application
    • Electricity Generation
    • Farming
    • Livestock
    • Others
  • By Geography
    • North America
      • USA
      • Canada
      • Mexico
    • South America
      • Brazil
      • Argentina
      • Others
    • Europe
      • United Kingdom
      • Germany
      • France
      • Others
    • Middle East and Africa
      • Turkey
      • Egypt
      • South Africa
      • Others
    • Asia Pacific
      • China
      • Japan
      • India
      • Australia
      • Others

Frequently Asked Questions (FAQs)

Q1. What will be the biochar market size by 2026?
A1. The global biochar market is expected to reach a total market size of US$1,897.214 million in 2026.


Q2. What is the size of the global biochar market?
A2. Biochar Market was valued at US$1,043.189 million in 2019.


Q3. What are the growth prospects for the biochar market?
A3. The biochar market is expected to grow at a CAGR of 8.92% during the forecast period.


Q4. What factors are anticipated to drive the biochar market growth?
A4. A growing awareness of environmental issues, a reduction in raw material prices, and government policies for waste management are expected to expand the biochar market.


Q5. How is the global biochar market segmented?
A5. The biochar market has been segmented by production technology, feedstock, application, and geography. 

1. Introduction
1.1. Market Definition
1.2. Market Segmentation

2. Research Methodology
2.1. Research Data
2.2. Assumptions

3. Executive Summary
3.1. Research Highlights

4. Market Dynamics
4.1. Market Drivers
4.2. Market Restraints
4.3. Porters Five Forces Analysis
4.3.1. Bargaining Power of Suppliers
4.3.2. Bargaining Power of Buyers
4.3.3. The threat of New Entrants
4.3.4. Threat of Substitutes
4.3.5. Competitive Rivalry in the Industry
4.4. Industry Value Chain Analysis

5. Global Biochar Market Analysis, By Production Technology 
5.1. Introduction
5.2. Pyrolysis
5.3. Gasification

6. Global Biochar Market Analysis, By Feedstock
6.1. Introduction
6.2. Crop Residue
6.3. Food & Forestry Waste
6.4. Animal Manure

7. Global Biochar Market, By Application
7.1. Introduction
7.2. Electricity Generation
7.3. Farming
7.4. Livestock
7.5. Others

8. Global Biochar Market Analysis, By Geography
8.1.  Introduction
8.2.  North America
8.2.1. United States
8.2.2. Canada
8.2.3. Mexico
8.3. South America
8.3.1. Brazil
8.3.2. Argentina
8.3.3. Others
8.4. Europe
8.4.1. UK
8.4.2. France
8.4.3. Germany
8.4.4. Italy
8.4.5. Others
8.5. Middle East and Africa 
8.5.1. Turkey
8.5.2. Egypt
8.5.3. Others
8.6. Asia Pacific
8.6.1. Japan
8.6.2. China
8.6.3. India
8.6.4. Australia
8.6.5. Others

9.  Competitive Environment and Analysis
9.1. Major Players and Strategy Analysis
9.2.  Emerging Players and Market Lucrativeness
9.3.  Mergers, Acquisitions, Agreements, and Collaborations
9.4.  Vendor Competitiveness Matrix

10. Company Profiles
10.1. Airex Energie Inc.
10.2. SynTech Bioenergy LLC
10.3. BioFire SIA LATVIA
10.4. Cool Planet
10.5. Tolero Energy LLC
10.6. Vega Biofuels

Airex Energie Inc.

SynTech Bioenergy LLC

BioFire SIA LATVIA

Cool Planet

Tolero Energy LLC

Vega Biofuels

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